SL should be set under the double-bottom formation – around 0.00035. This offers a 2.9 RR ratio.
As additional sentiment - I see GNT double-bottom against BTC on 12 H chart with an at the levels of 0.000032.
I have set my buy order of 4 ETH on Bittrex for 0.000435 – not yet completely filled. I may adjust if needed to fill.
Please note – these are my personal views on a potential setup and my own trade. Please trade carefully and with money only that you can afford to lose!
At this moment either a higher low might be in play or we may see a triple-bottom with a reversal hopefully at or above 0.00035 level.